Key Points
- COO sold 2,000 shares — Jonathan Arthur Fischer sold 2,000 TSBK shares at $39.50 on Feb. 5 for $79,000, reducing his ownership by 23.39% to 6,550 shares (valued at about $258,725).
- The company raised its quarterly dividend to $0.29 (annualized $1.16), implying a 2.9% yield; the ex-dividend date is Feb. 13 and the dividend will be paid Feb. 27.
- Recent results and valuation: Timberland reported $1.04 EPS for the quarter with a 26.17% net margin and 11.86% ROE; the stock trades near $39.63 with a market cap around $312M and a P/E of 10.27.
Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) COO Jonathan Arthur Fischer sold 2,000 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $39.50, for a total value of $79,000.00. Following the completion of the sale, the chief operating officer directly owned 6,550 shares of the company's stock, valued at $258,725. This trade represents a 23.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Timberland Bancorp Trading Up 0.0%
Shares of TSBK stock opened at $39.63 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. Timberland Bancorp, Inc. has a twelve month low of $27.51 and a twelve month high of $40.41. The company's 50-day moving average price is $36.57 and its 200-day moving average price is $34.29. The stock has a market cap of $312.28 million, a price-to-earnings ratio of 10.27 and a beta of 0.36.
Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 26.17% and a return on equity of 11.86%. The firm had revenue of $21.71 million during the quarter.
Timberland Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.28. Timberland Bancorp's dividend payout ratio is presently 29.02%.
Analyst Upgrades and Downgrades
A number of research firms have commented on TSBK. Wall Street Zen upgraded Timberland Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Timberland Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy".
View Our Latest Report on TSBK
Hedge Funds Weigh In On Timberland Bancorp
Hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its holdings in Timberland Bancorp by 7.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 18,269 shares of the savings and loans company's stock valued at $654,000 after acquiring an additional 1,251 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Timberland Bancorp by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 7,090 shares of the savings and loans company's stock valued at $236,000 after purchasing an additional 1,232 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Timberland Bancorp during the 3rd quarter worth approximately $327,000. Creative Planning lifted its holdings in Timberland Bancorp by 3.2% during the 3rd quarter. Creative Planning now owns 24,808 shares of the savings and loans company's stock worth $826,000 after buying an additional 772 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Timberland Bancorp by 355.0% in the 3rd quarter. Raymond James Financial Inc. now owns 9,100 shares of the savings and loans company's stock valued at $303,000 after buying an additional 7,100 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.
Timberland Bancorp Company Profile
(
Get Free Report)
Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.
Timberland Bank's core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.
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